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Apple keeps on outperforming and showing great numbers all around which in my view is really amazing considering the times. Yes much of their success this quarter was in international business but economies are feeling the recession globally. I think its a great move however that Apple is taking advantage of spreading out globally. They are working hard on distributing their greatly branded products out all over the world and building flagship Apple Stores globally. If our economy isn’t ready to buy their products, another economy is. Way to go Apple! Keep on staying smart!
Unfortunately investors have hit Apple hard through the past year and even more recently through Steve Jobs‘ health concerns even though the company repeatedly shows great numbers. The success of Apple is attributed to Steve jobs and with his last declaration of medical lease many people can’t comprehend how the company will be able to survive. Jobs has said that he is still overlooking many of the big decisions in the company. Get with the program investors! Apple is worth a whole lot more then you are giving it credit for. I’m sure as Cook says that there are a lot of great employees there who are focused just like Steve is on new product and technological development and also enhancements.
Image by Getty Images via Daylife
Today was definitely a rough day on the Dow Jones Industrial Average Index. The Dow closed today at 12,209 down roughly 395 points. Much of this is due to increasing oil costs. The cost of oil went up 10 dollars, an 8% increase, today to reach a high of 138 dollars a barrel. Analysts conclude that speculation greatly affects rising prices but that may not be the case. This escalation is due to high demand in developing nations and a smaller more volatile supply locally and globally. Rising oil prices are just another added stress to the already highly volitile stock market right now and will result in a scary future as speculation has oil prices surpassing the 150 dollars by July 4th.
Due to frightening speculation about raging gas prices and a highly volatile market, many investors are pulling back from the stock exchange and are currently in a holding pattern. This is resulting in a slowing economy and does not contribute to oil prices lowering. In fact, usually investors are able to counteract rising prices but this wont happen if major investors are holding onto their money. Analysts are also talking about how the government might and should open up the national oil reserves sooner than later so that prices will start to decline. As prices start to decline then the angst against sky rocking gas prices will settle and companies will be able to focus on higher earnings and lower costs.
